Sector Update: Financial Stocks Decline Premarket Tuesday

MT Newswires Live12-17

Financial stocks were declining premarket Tuesday, with The Financial Select Sector SPDR Fund (XLF) down 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.5% higher.

Barclays (BCS) lost an appeal to overturn a UK court ruling that it is unlawful for car dealers to receive a commission from banks without the customer's consent, media outlets reported. Barclays shares were 0.9% lower pre-bell.

Blue Owl Capital III (OBDE) stock was over 4% higher after the company said its board declared a special cash dividend of $0.52 per share.

VersaBank (VBNK) shares were down past 12% after the company priced its public offering of about 5.7 million common shares at $13.25 apiece for expected gross proceeds of $75 million.

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